Comment

Equinomy Summary

This long summary is available to make the Equinomy project accessible without having to read the book (in French), skipping explanations, arguments and examples. Equinomy aims to propose a better solution than capitalism. We must first understand capitalism, its limits and its shortcomings, before we can find and suggest ways to improve. Capitalism is a power, that of the shareholders in the company. The market economy is the system of free exchange and free prices that structures our modern economies. Both are distinct but connected. A non-capitalist market economy is possible, with more freedom and justice. Capitalism had in the past the interest of aligning risks, profits and power in the hands of shareholders. Today, shareholders have largely abandoned risk, amplified profits and retained power. Capitalism thus abuses its power, against the environment, its employees, its customers as well as the states, with the aim of maximizing profit. It often works against the market economy, limiting competition by different methods.

 

The control of technological innovations is a major means of generating profit for capitalism. It is not so much the instigator (the market economy) as the beneficiary, by the new products and the decrease of production costs that these innovations bring (source of higher profits). The quaternary, a new economic sector after the tertiary and secondary, is that of robotics, artificial intelligence, source of great progress and also great profits with the decrease of tertiary employees, replaced by robots. If capitalism continues to lead the economic world in its sense of maximum profit, inequality will increase, causing serious economic imbalances (continuous increase in public and private debts), violence and injustice.

 

Another defect of capitalism, of which it is only partially responsible, is the pollution of the environment. In its need for maximum profit, capitalism has developed disposable, non-recyclable or renewable products, programmed obsolescence, overconsumption. The triangular structure of man's desire, destructive conspicuous consumption to differentiate himself for the purpose of rivalry, are flaws that have allowed these insane strategies from the environmental, scientific or social point of view to develop. They were rather sensible from a capitalist point of view, of profit. However, an economy of abundance rather than scarcity, a sustainable market economy is possible beyond capitalism.

 

The neoclassical theoretical economy starts on a false foundation, a price theory linked to utility and scarcity. The objectivity of utility as of scarcity is erroneous, they are both social. The real foundation of price is the power, market power of one party, many, or a multitude. The price is a balance of power, peaceful, between buyer(s) and seller(s), but a balance of power all the same. The most realistic theory of value is the theory of value-power. In this, the market economy is needed as the system where competition reduces the power of the players and therefore achieve greater freedom and greater efficiency. However, we must not forget cooperation, the theoretical absentee of the market economy whereas it has always been present in practice and at work as a major freedom tool.

 

The market economy also has a new role to play. It has been thought solely in its competitive role until now, in a distorted neoliberalism. Historical neoliberalism demanded freedom, against capitalism as against state planning. It must integrate the cooperative side of the market economy into its thinking, not only because cooperation normally exists in the real market economy but also because it is the source of the balance of the market economy. the most free, fair and efficient market. The race to speed in pricing by the stock market stops and the stock market becomes a tool of power balance, with a limitation of volatility and the end of blind faith in the truth of extreme competition as a tool for best prices.

 

To free individuals from the abuses of power of capitalism requires three different and complementary actions:

- a significant basic income for each adult, to give everyone even more choice of life (this basic income is unconditional), while remaining incentive to work;

- a balance of powers in the company (by a board of directors divided between representatives of customers, employees and shareholders);

- a new regulation of the market economy, in a balance between competition and cooperation;

 

Thus, a freer, a more just because more balanced, a more effective market economy exists and is called Equinomy. It stops the abuse of power of capitalism, without giving a power superior or equivalent to another party like the state, since the power is the enemy to fight. The balance of power inscribed in liberalism and applied to the modern democratic state has a role also in the market economy freed of capitalism. A better economic system is possible beyond capitalism, which does not require to give up freedom, the market economy, but to improve it, to create this Equinomy.

 

 

 

Comment

Comment

Summary and Liberty

The Equinomy website has been a bit silent in 2019, mainly because the book Fates of Capitalism is now available online and as a print edition (only in French on Amazon, sorry, but I’m open to any traduction strategy). Numerous copies have been sent to share the idea of a new market economy, better than this one, linked (and often confounded) with capitalism. Research, writing and promotional efforts being done, the only remaining goal will be to support the diffusion of these new ideas, while hoping they will one day be used and put in practice in the real world.

Before letting this site live its own existence and promote passively Equinomy, it seemed to me that a long summary of the book would be helpful, for those who don’t have the time, courage or desire (I can understand them, indeed) to read the whole book. It will be the purpose of the next post, and certainly the last for a long time.

A short summer thought to conclude this introductory post. In politics, left wing has an objective of defending people against capitalism, the bourgeoisie in power, for more freedom and justice. Right wing has an objective of defending people against the State, the politicians in power, for more freedom and justice. The two sides want liberty of people and justice, but against two different enemies, capitalism and the State. It is now possible to defend people against both capitalism and the State, in a free balance, in an equinomy. Each power can be balanced with each other, to create a new freedom and justice, in the 21st century.

Comment

Comment

3 solutions for 3 players

Equinomy proposes trois synergistic solutions, for 3 different players :

  • a balanced gouvernance, for companies

  • a basic income, for the State

  • a positive market economy, for the European Union (in the European case) and for international trade

Each of these three players can now find a fairer, clearer, more efficient and liberating role. By ordering their relations and functions, a better world can occur, without any return to an excessive dominant power. The market economy can surpass capitalism. She can become an equinomy.

Comment

Comment

Blog in French mainly

Sorry for my many english readers, but my blog is continuing mainly in French so I refer you to the French part of the website if you want some more fresh news about Equinomy.

A bientôt !

Comment

Comment

End of crowdfunding

The crowdfunding on KissKissBankBank ended (successfully !) some 10 days ago already, time goes fast. The first e-books Fates of Capitalism are leaving my mailbox today (in French) and paper books are ready to be printed. 

The book will be published officially in a few weeks with the ambition to make it (and Equinomy) known from a large number of CEOs, journalists, politicians and economists. The first objective is already half fulfilled, and the book will now live its own life, hopefully a long one. 

A big thanks to everyone who participated and helped and see you soon in 2018 for the next part.

Comment

Comment

Official Launch of the crowdfunding campaign !

The crowdfunding campaign for the book Fates of Capitalism is launched today  ! You can find if here (in French) :

https://www.kisskissbankbank.com/fr/projects/destins-du-capitalisme

Support the project if you want to transform capitalism (starting with a new understanding) !

The launch date, November the 6th 2017 is symbolic : it is the 800th anniversary of the signature of a historic document, the Charter of the Forest. The Charter gave use rights of the royal forest to everyone ! The first liberal economic sharing of its kind...

Talk to you soon,

Comment

Comment

Second and Third articles from the MFRB on Fates of Capitalism

These articles were published too fast for me. I couldn't find the time to comment on them, so you can find them below (in French). The second article focuses on the large economic imbalance between consumption and savings and the third on justice of property. I will certainly come back on these very important topics to specify and deepen the analyses.

http://www.revenudebase.info/2017/10/27/destins-du-capitalisme-23-le-revenu-de-base-pour-reequilibrer-consommation-et-epargne/

http://www.revenudebase.info/2017/11/02/destins-du-capitalisme-33-le-revenu-de-base-pour-renouveler-le-contrat-social/

Enjoy, 

Comment

Comment

First article from the MFRB on Fates of Capitalism

These last days, the French Association MFRB (French Movement for Basic Income) published three articles from the book Fates of Capitalism, each underlining one specific reason in favor of a significant Basic Income (50% of the GDP) in every country. Here is the link (sorry, in French !) to the first article, focused on robotics and the quaternary, the next major economic sector after the tertiary (services) :

http://www.revenudebase.info/2017/10/25/destins-du-capitalisme1-13-robots-capitalisme-et-quaternaire/

This article summarizes well the main idea : sharing productivity gains made by progress is essential, especially with the revolution of robotics in front of us. Basic income is a great tool to achieve this goal and include everyone in economic growth. 

Good reading,

Comment

Comment

Starting the Equinomy Blog in October 2017

Hello everyone,

In this month of October 2017, the centenary of the October Revolution in Russia in 1917, the Equinomy blog is launched ! One century after the implementation of the first communist system, a new alternative outside of capitalism and communism is presented to the world, in the book Fates of Capitalism, the Equinomy of the Quaternary.

After a gestation period of two years (stemming from my thesis in philosophy on capitalism defended in 2015), this book will be crowdfunded from the 6th of November 2017. The purpose of this blog is to share some extracts and comment the news related to this project, transform capitalism ! Enjoy the reading everyone, and see you soon.

Sebastien

Comment